Back to Search

For sale
Turn key restaurants
IL
Chicago
60639
6155 W FULLERTON Avenue

Established Banquet Hall with Apartments

6155 W FULLERTON Avenue, Chicago, IL 60639

View on Map

For Sale

$1,249,500

COMMERCIAL - Chicago, IL

Property size:

6,000 SF

Lot size:

0.20 Acres

Price / SF:

$208/SF

HighLights

Established banquet hall business (38+ years) with 6,000+ sq ft, furniture, equipment, and liquor license included.
Two income‑generating apartments on the second floor (renting for $1,600 and $1,150).
Recent remodeling with over $300,000 in improvements including new baths and roof.
Newer HVAC systems (2 furnaces and central air conditioner).
Banquet hall capacity of 200‑250 people.
Excellent location: close to public transportation (CTA, Metra), shopping (Home Depot, Lowes, Brickyard), schools, and Riis Park.

We can help!

Listing Contact

Angel Navarro

Learn more

For Sale

$1,249,500

COMMERCIAL - Chicago, IL

Property size:

6,000 SF

Lot size:

0.20 Acres

Price / SF:

$208/SF

Added:: Aug 28, 2025
Days on Market:: 287
Last Refresh:: Jun 10 at 9:06 am

Property Features for 6155 W FULLERTON Avenue

General Information

Property type: Commercial Sale
Property subtype: Other
Zoning: COMMR
Standard status: Active
APN: 13321040020000
Size: 6,000 SF
Lot size: 0.20 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Annual Amount: 17945

Utilities

Cooling system: Central Air

Building Details

Floors in Building: 1
Building materials: Concrete
Roof type: Rubber

We can help!

Listing Contact

Angel Navarro

Listing agent Angel Navarro License #475127008

Listing office RE/MAX 10 Lincoln Park 2429 N. Clark Street, Oak Lawn, IL

Listing date Aug 28, 2025

MLS# 12454410

HighLights

Established banquet hall business (38+ years) with 6,000+ sq ft, furniture, equipment, and liquor license included.
Two income‑generating apartments on the second floor (renting for $1,600 and $1,150).
Recent remodeling with over $300,000 in improvements including new baths and roof.
Newer HVAC systems (2 furnaces and central air conditioner).
Banquet hall capacity of 200‑250 people.
Excellent location: close to public transportation (CTA, Metra), shopping (Home Depot, Lowes, Brickyard), schools, and Riis Park.

Overview

This commercial property in Chicago, IL, presents an opportunity to own an established banquet hall that has been in operation for over 38 years. The building, which has been recently remodeled and includes over $300,000 in improvements, features over 6,000 square feet. The banquet hall has a capacity for 200 to 250 people and includes all furniture, equipment, and a liquor license. The property also includes two apartments on the second floor, providing additional rental income. The front apartment rents for $1,600, and the rear apartment rents for $1,150. Recent improvements include two newer furnaces, central air conditioning, a new roof, and all new bathrooms. The property is situated on a 0.2043-acre lot and is zoned COMMR. The location offers convenient access to public transportation, including CTA and Metra, as well as proximity to Home Depot, Lowe's, schools, Riis Park, and the Brickyard Shopping Center. The property is located at 6155 W FULLERTON Avenue, Chicago, IL 60639.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$140.4k	$23.40
− Vacancy	−$9.1k	−$1.52
EGI	$131.3k	$21.88
− OpEx	−$32.8k	−$5.47
NOI	$98.5k	$16.41

6,000 SF · lease $23.40/SF/yr · vacancy 6.50% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.41M

$1.23M – $1.64M (±1% cap)

NOI $98,456 @ 7.0% cap · market cap 7.88%

Second Best

Apartment 5plus

$1.31M

$1.14M – $1.52M (±1% cap)

NOI $91,393 @ 7.0% cap · market cap 7.31%

Theoretical Best

Office A

$2.65M

$2.32M – $3.10M (±1% cap)

NOI $185,702 @ 7.0% cap · market cap 14.86%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Parkview Villa Banquets Wedding Service

Suggested Use

Location Insight

Map
Local Demand

City: Chicago
County: Cook
State: Illinois
Longitude: -87.7801978
Latitude: 41.9234817

Nearby Similar for Sale

$1,300,000

6,400 SF

Renovated Chicago Industrial Flex Warehouse

6,400 SF renovated industrial flex warehouse in Chicago for sale.

3146 W Chicago Avenue, Chicago, IL 60622

View Details
$749,000

3,700 SF

West Town Corner Retail Space

New construction retail space in booming West Town neighborhood.

1445 W Chicago Avenue, Chicago, IL 60642

View Details
$949,000

4,055 SF

Turnkey Restaurant Venue with PPA License

Fully renovated restaurant with licenses and uncommitted VGT potential.

7455 W Irving Park Road, Chicago, IL 60634

View Details
$949,000

4,055 SF

Turnkey Restaurant Venue with PPA License

Fully renovated restaurant with licenses and VGT potential in Chicago.

7455 W Irving Park Road, Chicago, IL 60634

View Details
$949,000

4,055 SF

Turnkey Restaurant Venue with Licenses

Fully renovated restaurant with licenses and residential unit for sale.

7455 W Irving Park Road, Chicago, IL 60634

View Details
$649,000

2,176 SF

Turnkey Restaurant Opportunity in Chicago

Below-market lease in East Lakeview, fully equipped restaurant with assets.

420 W Belmont Avenue, Chicago, IL 60657

View Details
$759,000

5,000 SF

Prime Retail Space in Chicago

Commercial property in a high-traffic retail district.

4411 N Kedzie Avenue, Chicago, IL 60625

View Details
$1,295,000

9,744 SF

Chicago Office Building with Parking

Two-story office building in Chicago's Clearing neighborhood.

6350 W 63rd Street, Chicago, IL 60638

View Details
$459,000

3,000 SF

Chicago Commercial Buildings For Sale

Three commercial buildings in a busy Chicago neighborhood retail location.

1753-1759 W 79th Street, Chicago, IL 60620

View Details
$2,379,100

10,000 SF

Chicago Commercial Space for Sale

Versatile commercial property in a prime Chicago location.

1612-16 N Throop Street, Chicago, IL 60642

View Details
$625,000

4,593 SF

Fulton River District Commercial Loft

Classic timber loft in Fulton River District, Chicago.

566 W Lake Street, Chicago, IL 60661

View Details
$549,900

2,806 SF

Wicker Park Corner Retail Building

2,806 SF retail building in prime Wicker Park location.

2357 W North Avenue, Chicago, IL 60647

View Details

For sale
Turn key restaurants
IL
Chicago
60639
6155 W FULLERTON Avenue

What type of property is this?

Turn key restaurant - Banquet hall with apartments for additional income in Chicago.

Where is this turn key restaurant located?

The property is located at 6155 W FULLERTON Avenue Chicago, IL.

What is the asking price?

The asking price for this property is $1,249,500.

What are key features of this property?

This property features: Established banquet hall business (38+ years) with 6,000+ sq ft, furniture, equipment, and liquor license included.; Two income‑generating apartments on the second floor (renting for $1,600 and $1,150).; Recent remodeling with **over $300,000 in improvements including new baths and roof**.

6155 W FULLERTON Avenue, Chicago, IL 60639

COMMERCIAL - Chicago, IL

Property Features for 6155 W FULLERTON Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Renovated Chicago Industrial Flex Warehouse

West Town Corner Retail Space

Turnkey Restaurant Venue with PPA License

Turnkey Restaurant Venue with PPA License

Turnkey Restaurant Venue with Licenses

Turnkey Restaurant Opportunity in Chicago

Prime Retail Space in Chicago

Chicago Office Building with Parking

Chicago Commercial Buildings For Sale

Chicago Commercial Space for Sale

Fulton River District Commercial Loft

Wicker Park Corner Retail Building

FAQs

Create New Password